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The Bureau of Economic Analysis’ second estimate of Q3-2023 real GDP was revised 0.3 percentage points (pp) higher to 5.2% quarter-over-quarter (q/q, annualized). Consumer spending advanced by 3.6% – a modest downward revision from the 4.0% gain reported in the advance estimate. Healthy gains in spending were seen across both goods (+4.7%) and services (+3.0%). […]

The post US Q3 GDP Revised Higher, While Corporate Profits Sharply Accelerate   appeared first on Action Forex.

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